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23119 MBTENCT@EC2512B (CALL)
RT Nominal up0.760 +0.080 (+11.765%)

17/05/2024 15:13

{I-bank focus}BOCI raises Tencent (00700) to HKD445

[ET Net News Agency, 17 May 2024] BOCI raised the target price for Tencent (00700) to
HKD445 from HKD407 and maintained the "buy" rating.
The research house said downside risks are (1) regulations on games, fintech, online ad,
streaming, personal data, taxation, etc.; (2) intense competition for key segments; (3)
weaker-than-expected macro; (4) destructive investments; and (5) accelerated share
divestment from main shareholders. (rc)

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